RMT union leader Mick Lynch has called on the Labour government to take bold steps in addressing the UK’s economic crisis, urging Chancellor Rachel Reeves to relax fiscal rules and introduce a wealth tax to fund critical public services.
While welcoming Labour’s victory and commitment to workers’ rights, Lynch warned that the UK faces a £500bn public investment gap compared to other OECD countries. He argued that relying solely on future economic growth won’t be enough to fix the crisis.
“There is an urgent need for Labour to make immediate, significant investments in public services and infrastructure,” Lynch said, stressing that reforms in taxation and borrowing are crucial for restoring living standards and securing sustainable growth.
Lynch also called for public ownership in key sectors and taxing unearned wealth from the richest in society as part of a strategy to create an economy “that works for the many, not the few.” His comments came after the RMT backed a motion on “Building a Fairer Economy” at the TUC Congress.
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